12 Best EV Charging Stocks to Buy According to Hedge Funds

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Stifel cut its price objective for Tesla, Inc. (NASDAQ:TSLA) to $440 from $450 on July 25, while retaining a Buy rating.

The announcement comes after the firm’s Q2 2025 earnings report, in which the company reported $22.5 billion in sales, a 12% year-over-year decline but a 16% sequential increase. The number was about 1% below Stifel’s forecast. The company explained its price target change by citing the expected impact of tariffs on Tesla, Inc. (NASDAQ:TSLA)’s Energy and Automotive businesses.

Stifel notes that the “overwhelming key to the company’s story over the next year” resides in the development and recognition of its unsupervised Full Self-Driving (FSD) technology and progress on its Robotaxi plan despite near-term obstacles. These technologies are considered significant drivers of Tesla, Inc. (NASDAQ:TSLA)’s long-term worth. The firm has modified its financial model accordingly to reflect these developing risks and opportunities while reiterating confidence in its strategic trajectory.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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